Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,038,302 shares of the Internet television network’s stock after selling 231,231 shares during the period. Netflix makes up 388.9% of Loomis Sayles & Co. L P’s portfolio, making the stock its 5th largest holding. Loomis Sayles & Co. L P’s holdings in Netflix were worth $3,599,419,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter valued at about $25,000. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC increased its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $38,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Robert W. Baird boosted their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Macquarie increased their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC boosted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Price Performance

Netflix stock opened at $970.65 on Thursday. The stock’s 50 day moving average is $967.54 and its 200 day moving average is $864.18. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market cap of $415.20 billion, a P/E ratio of 48.95, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company earned $2.11 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.